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Original poster

Why is the bet a bad thing?

32 replies

jennywren08 · 20/06/2024 17:12

Not a conservative fan just a bit thick. Can someone please explain why it's bad that this bet took place?

OP posts:
CassieMaddox · 20/06/2024 17:14

It's illegal. Its like insider trading. The people that bet took advantage of confidential information to make money.

It looks quite widespread too so more like an organised plan than someone just being tempted.

Youdontevengohere · 20/06/2024 17:14

jennywren08 · 20/06/2024 17:13

Is it illegal then?

Yes

LittleLegsKeepGoing · 20/06/2024 17:14

It's the equivalent of insider trading - making a profit from information not yet in the public domain.

AKA cheating, or obtaining money by deception - defrauding someone else essentially.

AgnesX · 20/06/2024 17:13

jennywren08 · 20/06/2024 17:12

Not a conservative fan just a bit thick. Can someone please explain why it's bad that this bet took place?

Insider knowledge is illegal.

Youdontevengohere · 20/06/2024 17:13

Because they’re betting on something that they have prior knowledge of.

Original poster
jennywren08 · 20/06/2024 17:13

Is it illegal then?

OP posts:
Wtafis · 20/06/2024 17:12

Because it’s cheating